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Exxon Mobil under investigation for possible climate change lies

2015-11-05 17:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Christian Science Monitor: New York's attorney general is examining statements by Exxon Mobil and Peabody Energy to determine whether they deceived investors about the causes and impacts of climate change, an official familiar with the investigations said Thursday. A subpoena was sent Wednesday to Dallas-based Exxon after a yearlong review of shareholder disclosures, said the official, who wasn't authorized to publicly discuss the probes and spoke to The Associated Press on condition of anonymity. Attorney General Eric Schneiderman's...

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ExxonMobil hit with climate change investigation

2015-11-05 15:55:00| Climate Ark Climate Change & Global Warming Newsfeed

CNN: ExxonMobil is under investigation by the New York Attorney General for withholding information from both its shareholders and the public about the risks of climate change. In a statement on Thursday, ExxonMobil confirmed that it has received a subpoena requesting documents and information pertaining to climate change. ExxonMobil said it "unequivocally" rejected any accusations that it had hidden climate change research. "ExxonMobil has included information about the business risk of climate change...

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VW uncovers irregularities in type-approval CO2 levels affecting about 800K vehicles as part of diesel investigation

2015-11-03 22:55:33| Green Car Congress

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Vimpelcom takes USD 900 mln charge for Uzbek investigation

2015-11-03 08:46:00| Telecompaper Headlines

(Telecompaper) Vimpelcom announced it will take a provision of USD 900 million to cover potential liabilities in the investigation into its Uzbekistan activities. Vimpelcom said it was still in talks with the authorities on resolving the case and there was no assurance as to the final cost to the company. The Securities and Exchange Commission and Department of Justice in the US where Vimpelcom is listed and the Public Prosecutor (Openbaar Ministerie) of the Netherlands where Vimpelcom is based are investigating how Vimpelcom obtained its operating licence in Uzbekistan. The company is suspected of paying bribes to a close relative of Uzbek president Islam Karimov, in exchange for access to Uzbekistan's telecommunications market. Vimpelcom has been in talks with the authorities on settling case since early this year. 

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EC opens in-depth investigation of O2-3 UK merger

2015-11-02 08:31:00| Telecompaper Headlines

(Telecompaper) The European Commission has opened an in-depth investigation into Hutchison's acquisition of O2 UK. The Commission said it's concerned that the merger of O2 and 3 UK could lead to higher prices, less choice and reduced innovation for mobile customers in the UK. The merger of O2 and 3 would create the UK's largest mobile operator and reduce the market from four network operators to three. 

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